2023.8.22 US dollar weakens
2023.8.22 US dollar weakens
Hello, I'm Older Duan. Today is Tuesday, August 22nd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index is still engaged in long short competition within the community. The current community is the opening price on July 6, 2023 (103.340) and June 13 (103.620), which is weak today!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold yesterday broke through the pressure of the recent bottom against the 1.618 level of the gold split, which was also the lowest point on June 29, 2023 ($1892.87). Today, it confirmed and strengthened! So, for the rest of today, just continue to use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil yesterday broke through the daily level 21 moving average and was very close to the 2.382 position on the bottom of the graph, before falling significantly! So, for the rest of today, just use today's opening price (80.029 US dollars) as an important point for intraday operations! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro strengthened against the US dollar yesterday and today as a whole, approaching the daily level 21 moving average (1.09456)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound broke the daily level 21 moving average (1.27423) against the US dollar yesterday, and the daily closing line is above it. Today, it is about to challenge the daily level 55 moving average (1.27984)! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Tuesday, and tonight US crude oil will enter its final trading day on the market, with a possibility of a tight market situation. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Hello, I'm Older Duan. Today is Tuesday, August 22nd 2023.
Now it's 17pm Beijing time.
Let me give you a quick comment on the technical forms of the current international mainstream varieties!
First, what we see is the daily graph of the dollar index.
As shown in the figure, the US dollar index is still engaged in long short competition within the community. The current community is the opening price on July 6, 2023 (103.340) and June 13 (103.620), which is weak today!
Now, let's look at gold.
Now you can see the daily chart of gold.
The figure superimposes the combination of gold's recent bottom-up golden section and Fibonacci parameter mean square!
As shown in the figure, gold yesterday broke through the pressure of the recent bottom against the 1.618 level of the gold split, which was also the lowest point on June 29, 2023 ($1892.87). Today, it confirmed and strengthened! So, for the rest of today, just continue to use this position as an important point during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's take a look at American crude oil.
What you are now seeing is daily level candle chart of US crude oil. The graph superimposes the recent bottom-up golden section of US crude oil and the Fibonacci parameter mean square combination!
As shown in the figure, US crude oil yesterday broke through the daily level 21 moving average and was very close to the 2.382 position on the bottom of the graph, before falling significantly! So, for the rest of today, just use today's opening price (80.029 US dollars) as an important point for intraday operations! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Let's look at EURUSD.
What you can see now is the daily chart of EURUSD.
The figure superimposes the combination of European and American currencies against the recent bottom of the golden section and Fibonacci parameter mean square!
As shown in the figure, the euro strengthened against the US dollar yesterday and today as a whole, approaching the daily level 21 moving average (1.09456)! So for the continuation period today, just use this position as an important point for operation during the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Finally, let's take a look at GBPUSD.
Now you can see the daily chart of GBPUSD.
The figure superimposes the combination of the recent bottom of the GBPUSD against the golden section and the Fibonacci parameter mean square!
As shown in the figure, the pound broke the daily level 21 moving average (1.27423) against the US dollar yesterday, and the daily closing line is above it. Today, it is about to challenge the daily level 55 moving average (1.27984)! So for the continuation period today, just continue to use this position as an important point for the day! Above this position, long trading is the main focus; Below this position, short selling is the main focus!
Well, the above is a quick inventory of the technical forms of the international mainstream varieties in today's European period!
Special reminder, Today is Tuesday, and tonight US crude oil will enter its final trading day on the market, with a possibility of a tight market situation. Please pay attention to the risks!
Im Older Duan. Wish you happy win . Goodbye!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.